With continuous technological advancements and growing market demand, China's LED industry has shown a robust development trend in 2024. This year, several significant events have taken place within the industry, such as the production launch of Skyworth's Wuhan Mini LED Display Technology Industrial Park project, with a total investment of 3.5 billion yuan and an expected annual output value of over 10 billion yuan, marking a further commercialization and market penetration of LED display technology.
In terms of industry development status, the market size of China's LED industry reached 675 billion yuan in 2022. Despite the dual pressures of weak downstream demand and rising production costs, the industry's overall output value remains at a high level. At the same time, the number of large-scale production enterprises in the industry is increasing year by year, showing that the industry's overall production capacity is continuously expanding.
Regarding the performance of listed companies, Mulinsen Corporation topped the industry with a revenue of 16.517 billion yuan, while other listed companies such as Sanan Optoelectronics and Leyard also showed strong growth momentum. Their financial reports indicate that although the industry's overall profit level is relatively low, some technology-leading enterprises have achieved higher gross profit margins.
In terms of national policies and development trends, the Chinese government's support for the LED industry is increasing, especially in the "14th Five-Year Plan," which sets clear goals for technological innovation and application-driven development of the LED industry. In addition, with the global demand for energy saving and emission reduction growing, LED products, due to their high efficiency and energy-saving characteristics, have a broad market prospect.
Market behavior analysis shows that the stock prices of the leading listed companies in the LED industry have been stable recently, and the industry's new project investment is active, showing the market's confidence in the LED industry. At the same time, market consumption data show that the demand for LED-related products is strong and prices are stable, further confirming the industry's optimistic outlook.
A.Top's industry investment view believes that, combined with the current development status of the industry, the future development prospect of China's LED industry is very optimistic. With the continuous maturity of technology and the continuous expansion of application fields, it is expected that by 2029, the market size of China's LED industry will exceed 960 billion yuan. Especially with the rapid development of Mini LED and Micro LED technologies, new growth points will be brought to the industry.